Good morning and welcome to your Morning Briefing for Monday 6 December, 2021. To get this in your inbox every morning click here. Concentration risk warning Advisers tend to overweight their clients’ portfolios towards growth funds, Orbis head of UK retail investments Marcel Bradshaw has warned. As a result,
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PITTSBURGH, April 29, 2021 /PRNewswire/ Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today reported earnings per diluted share (EPS) of $0.75 for Q1 2021, compared to $0.63 for the same quarter last year, on net income of $74.5 million for Q1 2021, compared to $64.2 million for Q1 2020.
Federated Hermes total managed assets were $625.0 billion at March 31, 2021, up $19.2 billion or 3% from $605.8 billion at March 31, 2020 and up $5.6 billion or 1% from $619.4 billion at Dec. 31, 2020. Total average managed assets for Q1 2021 were $618.1 billion, up $37.9 billion or 7% from $580.2 billion reported for Q1 2020 and up $7.6 billion or 1% from $610.5 billion reported for Q4 2020.